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Silicon photonics market forecast to 2024 just published

Silicon photonics market forecast to 2024 just published

Silicon is used as a platform for photonic circuits to generate optical communication system which is incorporated in silicon photonics technology.

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Introduction:

The modernized trend of electronic devices miniaturization coupled with high requirement for efficiency and speed maintaining an economical cost, has resulted in the increasing penetration of silicon photonics.

This has become an interesting global avenue as it offers the benefit of low power consumption, higher density of interconnects, higher reliability and integration.

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Market Classification and Overview:

The Global Silicon Photonics Market is expected to grow at an exponential rate in the future years.

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Data communication constitutes the largest market for global silicon photonics as the protocol is offering services that are surpassing copper and optical technologies. Optimum financial support from governments and rising demand for data transference is boosting the growth of global silicon photonics market.

The demand for silicon photonics is boosted by covering data rates or distance which have not been given by vertical cavity surface-emitting lasers (VCSELs), thereby offering faster data rates at lower cost. Various factors that hamper the growth of global silicon photonics market include high cost as the companies have to develop themselves the computer-aided engineering/computer-aided design (CAE/CAD) and stiff competition with VCSEL since it is available at a cheap rate.

In 2015, the data communication application commanded the largest share of the global market, followed by telecommunication segment. With the help of silicon photonics devices, IT infrastructure enables data centers to offer networking services and high speed cloud.

The demand for silicon photonics technology is rising especially in the telecommunication application, owing to the improved performance of these networks by fulfilling the data rates requirement and high bandwidth. This is likely to propel the demand for silicon photonics technology in these applications.

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In order to increase the overall usability of systems, the consumer electronics application needs data transfer speeds and faster processing. In consumer electronics application, the high-performance computing (HPC) includes numerous storage and networking systems, and computers, that unveil high levels of computational capabilities which fuel the demand for silicon photonics technology.

The market for commercial application is estimated to grow at a rapid pace during the future years. The silicon photonics products are used in digital cinemas, video recording, digital signage, and laser source among others.

In the future years, active components are estimated to witness robust growth. Also, these components are easy to install in chips and are reconfigurable.

Thus, it is expected that there will be huge demand for active components as compared to passive components in the future.

Regional Overview:

Based on geography, the global silicon photonics market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA). North America commands the largest share of wavelength division multiplexer filters and silicon optical modulators.

North America is eventually becoming an attractive destination for the players to launch silicon photonics devices owing to increased government support and rise in demand for data transfer. Asia-Pacific displays the robust growth in silicon photonics market owing to the rise in urbanization, rising population, and high demand for data transfer.

Market Participants:

Some of the major players in the global silicon photonics market include NeoPhotonics Corporation, Infinera, Luxtera, Skorpios Technologies Inc., Avago Technologies, Mellanox Technologies, Cisco, OneChip Photonics, Photline Technologies,.

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Market Segmentation

Market by Component

Passive components

Active components

Market by Product

Active Optical Cables

Variable Optical Attenuators

Transceivers

Optical Multiplexers

Optical Engines

RF Circuits

Others (Optical Interconnects and Light Field Displays)

Market by Application

Consumer Electronics

Telecommunication

Data Communication

Commercial

Medical and Life Science

Defense

Market by Geography

North America

o US

o Canada

o Mexico

Europe

o UK

o Germany

o France

o Rest of Europe

Asia-Pacific

o China

o Japan

o India

o Philippines

o Rest of Asia-Pacific

Latin America

o Brazil

o Chile

o Rest of Latin America

Middle East and Africa (MEA)

o South Africa

o Saudi Arabia

o Rest of MEA

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Category: Market Research Publishers and RetailersCompany profile: Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, ...